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Regulations made by the Secretary of State, laid before Parliament under section 55(3) of the Sanctions and Anti-Money Laundering Act 2018, for approval by resolution of each House of Parliament within twenty-eight days beginning with the day on which the instrument is made, subject to extension for periods of dissolution or prorogation or during which both Houses are adjourned for more than four days.
Statutory Instruments
SANCTIONS
Made
22nd April 2025
Laid before Parliament
23rd April 2025
Coming into force
24th April 2025
The Secretary of State(1), considering that the condition in section 45(2) of the Sanctions and Anti-Money Laundering Act 2018(2) is met, makes the following Regulations in exercise of the powers conferred by sections 1, 3(1)(b)(ii) and (d)(ii), 5, 15, 17, 21(1), 45(1)(b) and 54(1) and (2) of, and paragraphs 2(b), 3(a), (b) and (e), 4(b) and (c), 5(a)(ii) and (b), 6(a)(ii) and (b), 7(b), 11(a)(ii), 13(b), (c), (f), (h), (i), (k), (l), (m), (n), (q) and (w), 14(a), (f) and (k), 17(d) and 20 of Schedule 1 to, that Act.
The power to make regulations under Part 1 of the Sanctions and Anti-Money Laundering Act 2018 (c. 13) is conferred on an appropriate Minister. Section 1(9)(a) of the Act defines an “appropriate Minister” as including the Secretary of State.
2018 c. 13. Sections 1(5) and 15 are amended by the Economic Crime and Corporate Transparency Act 2023 (c. 56) (“the 2023 Act”), section 35(2) and (5). Section 17(5)(b)(i) (enforcement) is amended by the Sentencing Act 2020 (c. 17), Schedule 24, paragraph 443(1). Section 17(9)(a) is amended by the 2023 Act, section 214(3). Section 17A is inserted by the 2023 Act, section 214(4). Sections 1 and 45 are amended by the Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), sections 57 and 62.
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